What Is Creditor Placed Homeowners Insurance?

  1. 1370 POINTS
    Jack Heller
    Owner, Insurance Browser,
    This is also known as Forced Place Homeowner Insurance> The product comes into use when a mortgagor does not get a valid insurance policy at closing or any time after that from the homeowner. Since a Bank is getting the coverage  1) they don't care what it costs, not 2) nor do thee y care about insuring your contents etc. As soon as this happens to you pick up the phone and call us at 1-866-933-0374 if you are in AZ,CA,TX, MO, or GA otherwise get professional help from an independent  and get in your area.
    Answered on November 16, 2013
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